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Using Goldman's 2015 estimate for growth in frac stages excluding any rig count increases (2%) and sand per stage (15.6%) gets us to just about Jefferies' estimate for total 2015 sand usage of 37mm tons, assuming completions are down 50%.Pricing already started collapsing last quarter. Patterson UTI Energy (NASDAQ:PTEN) recently said that it was able to get 15 35% price reductions on sand in Q1. EMES said pricing is down 20 25%.

iPhone Cases (NASDAQ:MARA) has seemingly hitched itself to the blockchain wagon and rode the wave to nearly 5x returns in a matter of weeks. The company's blockchain focus has come about through a series of rapid shifts that are eerily similar to the questionable moves we identified in our recent piece on Riot Blockchain (NASDAQ:RIOT).In Marathon's latest 10 Q filed on November 20th the company describes its business as being "to acquire patents and patent rights and to monetize the value of those assets to generate revenue and profit for the Company."Yet despite that stated business model, the company has seemingly abandoned much of its focus on patents and patent rights and instead shifted gears toward blockchain assets including cryptomining.Global Bit Ventures Inc. (GBV) Acquisition Raises Questions Rather than purchase cryptomining assets directly from manufacturers or suppliers, the company decided instead to purchase an entity that owned the cryptomining assets.iPhone Cases

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